Presented by: Lynette Arias, OSP April 11 th, 2013 MRAM FRINGE BENEFIT RATES & SPONSORED PROJECTS UPDATE TO GIM 3

Current policy:  Only approved rates can be used in proposals  No escalation or use of preliminary rates allowed Result:  Requested amount may not cover the anticipated cost of benefits in the upcoming fiscal year. CURRENT GIM 3

 Beginning April 25 th GIM 3 will allow the use of preliminary rates when building a sponsored program budget.  There is no requirement to use preliminary rates.  Options! It is up to the unit to decide to:  Use the current rates  Use the preliminary rates REVISED GIM 3

 At the time of expenditure, the current fringe benefit rate will be applied regardless of what was listed in the budget submitted to the sponsor. ACTUAL BENEFIT COSTS

Presented by: Ben Cornell, ORIS April 11 th, 2013 MRAM FRINGE BENEFIT RATES & SPONSORED PROJECTS CHANGES TO SAGE BUDGET

 The ability to select Preliminary Benefit Rates will be available in SAGE Budget starting April 26 th.  New budgets in SAGE will default to preliminary benefit rates.  Existing budgets in SAGE will keep current benefit rates. CHANGES TO SAGE BUDGET

 Selectable on the ‘Properties’ page of the budget.  Update all benefit rates with one click. CHANGES TO SAGE BUDGET

 Benefit % (Preliminary) displays in Personnel Details for each period.  Update benefit rate by person/by period CHANGES TO SAGE BUDGET